Example page. Performance Rankings. Performance Rankings FIPS FIPS Performance Rankings

(1)

Ranking of New Zealand Total Assets Increase in Total Assets Capital Adequacy Ratio Net Profit After Tax

Incorporated Banks(a), (b) $Million % % $Million

1 ANZ National Bank 114,623 Kiwibank Limited 43.76 Bank of Baroda 74.70 ASB Bank Limited 425

Limited (New Zealand) Limited

2 Bank of New Zealand 69,847 TSB Bank Limited 20.93 TSB Bank Limited 16.86 ANZ National Bank 298

Limited

3 ASB Bank Limited 65,182 Rabobank New Zealand 15.30 Rabobank New Zealand 13.13 Westpac New Zealand 248

Limited Limited Limited

4 Westpac New Zealand 54,032 ASB Bank Limited 9.83 ANZ National Bank 12.67 Kiwibank Limited 64

Limited Limited

5 Kiwibank Limited 10,366 Bank of New Zealand 8.81 Southland Building Society 12.46 TSB Bank Limited 43

6 Rabobank New Zealand 6,936 Southland Building Society 4.74 ASB Bank Limited 12.40 Southland Building Society 12

Limited

7 TSB Bank Limited 3,832 Westpac New Zealand 4.27 Westpac New Zealand 12.30 Rabobank New Zealand 8

8 Southland Building Society 2,540 ANZ National Bank -4.20 Bank of New Zealand 10.88 Bank of Baroda -2

Limited (New Zealand) Limited

9 Bank of Baroda 39 Bank of Baroda n/a Kiwibank Limited 10.10 Bank of New Zealand -181

(New Zealand) Limited (New Zealand) Limited

Incorporated Total 327,397 Incorporated Average 4.32 Incorporated Average 12.11 Incorporated Total 915

Ranking of New Zealand Total Assets Increase in Total Assets Capital Adequacy Ratio(e) Net Profit After Tax

Branch Banks(c), (d) $Million % % $Million

1 Westpac Banking Corporation 25,290 The Bank of Tokyo-Mitsubishi 76.95 The Hongkong and Shanghai 16.10 Deutsche Bank AG, 84 New Zealand Branch UFJ Limited, Auckland Branch Banking Corporation Limited, New Zealand Group

New Zealand Branch

2 Commonwealth Bank of 9,897 JPMorgan Chase Bank, N.A. 50.17 Citibank, N.A. New Zealand 15.03 The Hongkong and Shanghai 51

Australia New Zealand New Zealand Branch Branch Banking Corporation Limited,

Branch New Zealand Branch

3 ANZ Banking Group 9,152 Rabobank Nederland 11.82 Rabobank Nederland 14.10 ANZ Banking Group 28

New Zealand Branch New Zealand Branch New Zealand Branch New Zealand Branch

4 Rabobank Nederland 6,398 Kookmin Bank Auckland 1.15 Kookmin Bank Auckland 14.04 Citibank, N.A. New Zealand 21

New Zealand Branch Branch Branch Branch

5 The Hongkong and Shanghai 4,750 Westpac Banking Corporation -2.14 Deutsche Bank AG, 13.90 Rabobank Nederland 14 Banking Corporation Limited, New Zealand Branch New Zealand Group New Zealand Branch

New Zealand Branch

6 Citibank, N.A. New Zealand 3,501 Citibank, N.A. New Zealand -8.65 ANZ Banking Group 13.70 Kookmin Bank Auckland 7

Branch Branch New Zealand Branch Branch

7 Deutsche Bank AG, 3,099 Commonwealth Bank of -11.06 JPMorgan Chase Bank, N.A. 13.50 Commonwealth Bank of 7

New Zealand Group Australia New Zealand New Zealand Branch Australia New Zealand

Branch Branch

8 The Bank of Tokyo-Mitsubishi 1,138 Deutsche Bank AG, -22.00 The Bank of Tokyo-Mitsubishi 12.02 The Bank of Tokyo-Mitsubishi 6 UFJ Limited, Auckland Branch New Zealand Group UFJ Limited, Auckland Branch UFJ Limited, Auckland Branch

9 Kookmin Bank Auckland 432 The Hongkong and Shanghai -23.00 Westpac Banking Corporation 10.80 JPMorgan Chase Bank, N.A. 2

Branch Banking Corporation Limited, New Zealand Branch New Zealand Branch

New Zealand Branch

10 JPMorgan Chase Bank, N.A. 170 ANZ Banking Group n/a Commonwealth Bank of 10.40 Westpac Banking Corporation -513

New Zealand Branch New Zealand Branch Australia New Zealand New Zealand Branch

Branch

Branch Total 63,828 Branch Average 7.56 Branch Average n/a Branch Total -293

Sector Total 376,321 Sector Average 5.04 Sector Average 12.11 Sector Total 299

Footnotes

(a) Incorporated Banks – for the purposes of aiding comparison we have separated certain banking groups to report the locally incorporated entity in the performance rankings as a New Zealand incorporated bank; ANZ National Bank Limited, ASB Bank Limited, Westpac New Zealand Limited and Rabobank New Zealand Limited

(b) Bank of Baroda (New Zealand) Limited (“Baroda”) became a registered New Zealand bank on 1 September 2009. Baroda is a subsidiary of Bank of Baroda (India)

and is in its start-up phase. Certain ratios are therefore not applicable and have not been presented. (c) Branch Banks – for the purposes of aiding comparison

we have separated certain branch banks from its locally incorporated entities for presentation in the performance rankings as a New Zealand branch bank; Australia and New Zealand Banking Group Limited New Zealand Branch, Commonwealth Bank of Australia New Zealand Branch, Westpac Banking Corporation New Zealand Branch (separate from the New Zealand

Performance Rankings

28 FIPS Performance Rankings

Division) and Rabobank Nederland New Zealand Branch.

Rabobank Nederland New Zealand Branch’s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios.

(d) Australia and New Zealand Banking Group Limited New Zealand Branch (presented as ANZ Banking Group New Zealand Branch for brevity) became a registered

Performance Rankings FIPS 29

Increase in Underlying Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expenses/

Profit % Average Equity % Average Total Assets % Average Gross Loans & Advances % Operating Income %

Kiwibank Limited 48.78 Kiwibank Limited 18.68 Rabobank New Zealand 2.79 TSB Bank Limited 0.14 TSB Bank Limited 39.91

Limited

TSB Bank Limited 4.40 TSB Bank Limited 15.42 TSB Bank Limited 2.62 Kiwibank Limited 0.20 ASB Bank Limited 41.80

ASB Bank Limited -8.42 ASB Bank Limited 13.37 Westpac New Zealand 2.49 Bank of New Zealand 0.35 Westpac New Zealand 41.99

Limited Limited

Southland Building Society -19.36 Southland Building Society 7.76 Southland Building Society 2.46 ASB Bank Limited 0.46 ANZ National Bank 44.39

Limited

Bank of New Zealand -36.10 Westpac New Zealand 5.71 Bank of New Zealand 2.02 Southland Building Society 0.52 Bank of New Zealand 47.03

Limited

ANZ National Bank -38.19 Rabobank New Zealand 3.24 ANZ National Bank 2.01 ANZ National Bank 0.93 Rabobank New Zealand 48.67

Limited Limited Limited Limited Limited

Westpac New Zealand -55.58 ANZ National Bank 3.00 Kiwibank Limited 1.86 Westpac New Zealand 1.29 Southland Building Society 60.01

Rabobank New Zealand -69.09 Bank of New Zealand -4.71 ASB Bank Limited 1.57 Rabobank New Zealand 1.30 Kiwibank Limited 67.44

Limited Limited

Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a Bank of Baroda n/a

(New Zealand) Limited (New Zealand) Limited (New Zealand) Limited (New Zealand) Limited (New Zealand) Limited

Incorporated Average -34.55 Incorporated Average 4.09 Incorporated Average 2.03 Incorporated Average 0.76 Incorporated Average 44.97

Increase in Underlying Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expenses/

Profit % Average Equity % Average Total Assets % Average Gross Loans & Advances % Operating Income %

Kookmin Bank Auckland 61.56 The Hongkong and Shanghai 214.14 Deutsche Bank AG, 2.74 Citibank, N.A. New Zealand 0.00 Rabobank Nederland 2.53

Branch Banking Corporation Limited, New Zealand Group Branch New Zealand Branch

New Zealand Branch

The Bank of Tokyo-Mitsubishi 54.80 Kookmin Bank Auckland 104.16 Kookmin Bank Auckland 2.42 JPMorgan Chase Bank, N.A. 0.00 Commonwealth Bank of 8.24

UFJ Limited, Auckland Branch Branch Branch New Zealand Branch Australia New Zealand

Branch

Deutsche Bank AG, 44.44 The Bank of Tokyo-Mitsubishi 89.47 Rabobank Nederland 2.19 Kookmin Bank Auckland 0.00 The Bank of Tokyo-Mitsubishi 16.62

New Zealand Group UFJ Limited, Auckland Branch New Zealand Branch Branch UFJ Limited, Auckland Branch

Westpac Banking Corporation 28.23 JPMorgan Chase Bank, N.A. 54.03 The Hongkong and Shanghai 1.78 The Bank of Tokyo-Mitsubishi 0.00 Westpac Banking Corporation 18.32 New Zealand Branch New Zealand Branch Banking Corporation Limited, UFJ Limited, Auckland Branch New Zealand Branch

New Zealand Branch

JPMorgan Chase Bank, N.A. 25.36 Deutsche Bank AG, 43.75 Westpac Banking Corporation 1.10 Rabobank Nederland 0.04 ANZ Banking Group 18.33

New Zealand Branch New Zealand Group New Zealand Branch New Zealand Branch New Zealand Branch

The Hongkong and Shanghai 20.36 Citibank, N.A. New Zealand 17.81 Citibank, N.A. New Zealand 0.80 The Hongkong and Shanghai 0.18 Kookmin Bank Auckland 18.94

Banking Corporation Limited, Branch Branch Banking Corporation Limited, Branch

New Zealand Branch New Zealand Branch

Rabobank Nederland -28.21 Rabobank Nederland 14.52 The Bank of Tokyo-Mitsubishi 0.77 Westpac Banking Corporation 0.84 Deutsche Bank AG, 22.89 New Zealand Branch New Zealand Branch UFJ Limited, Auckland Branch New Zealand Branch New Zealand Group

Citibank, N.A. New Zealand -41.59 Commonwealth Bank of 1.85 JPMorgan Chase Bank, N.A. 0.52 Commonwealth Bank of 1.25 Citibank, N.A. New Zealand 36.71

Branch Australia New Zealand New Zealand Branch Australia New Zealand Branch

Branch Branch

Commonwealth Bank of -67.65 Westpac Banking Corporation -24.82 Commonwealth Bank of 0.38 Deutsche Bank AG, 3.66 The Hongkong and Shanghai 41.39 Australia New Zealand New Zealand Branch Australia New Zealand New Zealand Group Banking Corporation Limited,

Branch Branch New Zealand Branch

ANZ Banking Group n/a ANZ Banking Group n/a ANZ Banking Group n/a ANZ Banking Group n/a JPMorgan Chase Bank, N.A. 70.12

New Zealand Branch New Zealand Branch New Zealand Branch New Zealand Branch New Zealand Branch

Branch Average 44.40 Branch Average -9.96 Branch Average 1.24 Branch Average 0.64 Branch Average 22.07

Sector Average -24.29 Sector Average 1.50 Sector Average 1.91 Sector Average 0.75 Sector Average 43.52

New Zealand bank on 5 January 2009. Certain ratios are therefore not applicable and have not been presented. (e) The capital adequacy ratio disclosed is for the Overseas

Banking Group, and in most instances has been calculated under the Basel II accord.

The 31 December 2009 capital adequacy ratios for Kookmin Bank were not publicly available at the date the Survey went to print.

(2)

30 FIPS Analysis of Annual Results

Registered Banks

Analysis of Annual Results of Registered Banks(a)

Rank by Location of Balance Year Total Net Total Risk

Total Head Office Date Assets Assets Weighted

Assets Exposures

(m)

$Million $Million $Million

ABN AMRO Bank N.V. New Zealand Banking Group(b) _Auckland _31-Dec ₂₀₀₈ _1,489 ₆₈ _1,195

Australia and New Zealand Banking Group Limited 1 Wellington 30-Sep 2009 123,050 4,066 73,596

New Zealand Banking Group(c) ₂₀₀₈ _119,813 _3,862 _74,266

Bank of Baroda (New Zealand) Limited(d) ₁₅ _Wellington _31-Mar ₂₀₀₉ ₃₉ ₂₃ ₈

Bank of New Zealand 4 Auckland 30-Sep 2009 69,847 3,730 28,926

2008 64,194 3,918 26,499

Citibank, N.A. New Zealand Branch(e) ₉ _Auckland _31-Dec ₂₀₀₉ _3,501 ₁₃₀ ₈₆₁

2008 3,832 109 890

Commonwealth Bank of Australia New Zealand 3 Auckland 30-Jun 2009 71,733 3,102 41,843

Banking Group(f) ₂₀₀₈ _66,048 _3,135 _40,316

Deutsche Bank AG, New Zealand Group(g) ₁₀ _Auckland _31-Dec ₂₀₀₉ _3,099 ₂₀₂ ₇₂₂

2008 3,973 182 984

The Hongkong and Shanghai Banking Corporation 7 Auckland 31-Dec 2009 4,750 7 2,846

Limited, New Zealand Branch 2008 6,169 0 3,605

JPMorgan Chase Bank N.A. New Zealand Branch(h) ₁₄ _Auckland _31-Dec ₂₀₀₉ ₁₇₀ ₀ ₄₄

2008 113 5 29

Kiwibank Limited 5 Wellington 30-Jun 2009 10,366 350 4,102

2008 7,210 306 2,784

Kookmin Bank Auckland Branch(i) ₁₃ _Auckland _31-Dec ₂₀₀₉ ₄₃₂ ₈ ₁₈₆

2008 427 6 201

Rabobank Nederland New Zealand Banking Group(j) ₆ _Auckland _31-Dec ₂₀₀₉ _8,904 ₃₃₆ _8,333

2008 8,411 222 7,855

Southland Building Society(k) ₁₁ _Invercargill _31-Mar ₂₀₀₉ _2,540 ₁₅₅ _1,452

2008 2,425 154 1,399

The Bank of Tokyo-Mitsubishi UFJ Limited, 12 Auckland 31-Mar 2009 1,138 8 1,126

Auckland Branch 2008 643 6 622

TSB Bank Limited 8 New Plymouth 31-Mar 2009 3,832 303 1,354

2008 3,169 253 1,119

Westpac Banking Corporation New Zealand Division 2 Auckland 30-Sep 2009 72,919 3,380 40,934

2008 70,357 3,607 42,231

Bank Sector Total 2009 376,321 15,800 206,333

2008 358,275 15,833 203,994

ANZ National Bank Limited Wellington 30-Sep 2009 114,623 6,820 38,402

2008 119,647 6,539 39,438

Australia and New Zealand Banking Group Limited Wellington 30-Sep 2009 9,152 39 4,730

New Zealand Branch(l)

ASB Bank Limited Auckland 30-Jun 2009 65,182 3,110 27,777

2008 59,350 3,199 25,487

Commonwealth Bank of Australia New Zealand Auckland 30-Jun 2009 9,897 485 6,344

Branch 2008 11,128 272 7,371

Rabobank Nederland New Zealand Branch Auckland 31-Dec 2009 6,398 101 2,625

2008 5,722 87 2,704

Rabobank New Zealand Limited Wellington 31-Dec 2009 6,936 266 1,415

2008 6,015 258 1,292

Westpac Banking Corporation New Zealand Branch Auckland 30-Sep 2009 25,290 2,676 12,558

2008 25,842 1,458 15,322

Westpac New Zealand Limited Auckland 30-Sep 2009 54,032 3,287 28,209

2008 51,818 4,438 26,866

Key: n/a = not available/applicable

Footnotes

Changes in accounting policy that have not had a material impact on the financial statements have not been detailed in the following footnotes. The effect of the changes listed below has been to impact certain ratios, or led to the omission of certain ratios.

(a) If in their latest published financials an entity has changed their comparative year figures we have restated the numbers accordingly.

(b) ABN AMRO 2009 figures are not presented as the entity was acquired by Royal Bank of Scotland (RBS) during the year. ABN AMRO New Zealand relinquished its banking license on 29 May 2009 and has ceased operations in New Zealand.

The 2008 figures are presented for comparison

purposes and are for the New Zealand Banking Group (as defined by the RBNZ), which comprised of ABN AMRO Bank N.V., New Zealand Branch and all the New Zealand incorporated subsidiaries of ABN AMRO N.V., Amsterdam.

(c) Figures are for the New Zealand Banking Group, which comprises the aggregated NZ operations of Australia and New Zealand Banking Group Limited, including those operations conducted through the New Zealand Branch and the ANZ National Bank Group.

Consolidated accounts for ANZ National Bank include the results of UDC Finance Limited, which is also shown separately within the Finance Companies section. (d) Bank of Baroda (New Zealand) Limited (Baroda) became

a registered New Zealand bank on 1 September 2009.

Baroda is a subsidiary of Bank of Baroda (India). Certain ratios and comparative numbers are not applicable and have not been presented.

(e) Figures are for the New Zealand Banking Group, which comprises Citibank, N.A. New Zealand Branch and Citicorp Services Limited and its subsidiaries. (f) Figures are for the New Zealand Banking Group,

which comprises Commonwealth Bank of Australia New Zealand Branch including various controlled entities and the ASB Banking Group Operations comprising ASB Bank Limited, ASB Holdings Limited and ASB Funding Limited.

(g) Figures are for the New Zealand Banking Group, which comprises Deutsche Bank AG New Zealand Branch, New Zealand Limited, in-substance subsidiaries

Analysis of Annual Results FIPS 31

and other New Zealand subsidiaries of Deutsche New Zealand Limited.

(h) Figures shown are for the New Zealand Banking Group, which comprises of JPMorgan Chase Bank New Zealand and associated entities.

(i) The 31 December 2008 capital adequacy ratio for Kookmin Bank was not publicly available at the date the Survey went to print.

(j) Figures are for the New Zealand Banking Group, which comprises Rabobank Nederland New Zealand Branch, Rabobank New Zealand Limited and various subsidiaries.

Rabobank Nederland New Zealand Branch’s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity

for consistency with other banks. This has impacted certain ratios.

(k) Southland Building Society, which became a registered bank on 7 October 2008, has been included in sector totals for both 2009 and 2008.

(l) Australia and New Zealand Banking Group Limited New Zealand Branch became a registered New Zealand bank on 5 January 2009. Certain ratios and comparative numbers are therefore not applicable and have not been presented.

(m) Risk weighted assets and capital adequacy ratio are as at the applicable balance date. Capital adequacy ratios for the branch banks relate to either the overseas bank or the overseas banking group, whichever is publicly available but where both are available the overseas

Size & Strength Measures Growth Measures

Total Tier 1 Net Number of Number of Number of Increase in Increase in Increase in Capital Capital Loans & Employees Branches Owned Net Profit Underlying Total Adequacy Adequacy Advances (n) (o) _ATMs _{After Tax} _Profit _Assets

Ratio Ratio (p) (q) (q) (m) (m) % % $Million % % % 19.23 15.81 1,170 n/a 1 0 -45.93 -47.60 -9.97 13.70 10.60 98,225 9,249 318 746 -80.40 -37.35 2.70 11.10 7.70 98,748 9,331 318 749 -4.90 -12.95 14.83

74.70 74.70 0 2 1 0 n/a n/a n/a

10.88 8.08 55,511 4,275 179 436 -123.06 -36.10 8.81 10.78 8.05 52,398 4,424 180 432 14.93 4.79 13.90 15.03 13.16 294 33 1 0 -41.60 -41.59 -8.65 15.18 9.94 387 36 1 0 201.37 164.74 8.51 10.40 8.10 59,232 4,549 122 452 -22.65 -13.69 8.61 11.60 8.20 56,115 4,697 120 450 -13.27 -16.42 13.37 13.90 12.60 203 38 1 0 44.83 44.44 -22.00 12.20 10.10 386 39 1 0 462.50 1,112.50 -28.36 16.10 12.20 3,310 231 3 0 27.54 20.36 -23.00 13.40 10.30 4,065 259 3 0 10.72 11.98 0.24 13.50 9.52 0 17 1 0 31.81 25.36 50.17 12.48 8.73 0 3 1 0 -45.70 -2.69 350.07 10.10 7.70 8,499 935 311 288 72.77 48.78 43.76 10.40 8.30 5,583 922 316 295 19.35 28.04 51.99 14.04 10.82 152 12 1 0 58.89 61.56 1.15 13.18 9.92 173 13 1 0 44.57 38.27 10.22 14.10 13.80 8,263 214 31 0 193.62 250.46 5.86 13.00 12.70 7,739 196 29 0 -300.19 -224.69 25.55 12.46 9.85 2,409 338 15 0 -15.84 -19.36 4.74 9.59 9.52 2,338 327 15 0 -13.71 -19.13 9.55 12.02 7.64 1,124 10 1 0 66.51 54.80 76.95 11.20 7.43 616 7 1 0 33.53 38.67 -2.40 16.86 16.86 2,144 277 24 47 9.06 4.40 20.93 17.66 17.66 2,061 273 24 40 12.37 12.34 10.48 10.80 8.10 56,183 4,461 201 511 -172.43 -37.89 3.64 10.80 7.80 56,039 4,606 197 509 4.92 1.38 9.83 12.11 9.26 295,549 24,641 1,210 2,480 -90.25 -24.29 5.04 11.72 8.83 287,817 25,133 1,208 2,475 -2.26 -6.79 12.84 12.67 9.03 89,454 9,249 318 749 -74.38 -38.19 -4.20 11.72 8.13 98,748 9,331 318 749 -0.43 -7.44 14.47

13.70 10.60 8,780 3 1 0 n/a n/a n/a

12.40 10.20 53,404 4,549 139 452 -17.48 -8.42 9.83 11.80 9.40 50,123 4,676 140 450 -3.20 -7.64 12.21 10.40 8.10 5,227 0 1 0 -68.18 -67.65 -11.06 11.60 8.20 5,419 21 1 0 175.00 183.33 15.57 14.10 13.80 1,627 0 1 0 -39.08 -28.21 11.82 13.00 12.70 1,917 0 1 0 56.04 46.36 23.55 13.13 13.13 6,583 214 30 0 -70.34 -69.09 15.30 14.71 14.71 5,781 196 28 0 32.49 24.62 21.64 10.80 8.10 7,688 0 1 0 -386.59 28.23 -2.14 10.80 7.80 8,970 0 1 0 -34.43 -26.19 17.99 12.30 9.50 48,661 4,461 200 511 -55.87 -55.58 4.27 12.30 9.50 47,190 4,606 196 509 25.17 17.21 11.34

banking group will be presented.

Total and tier 1 capital adequacy sector totals, as presented, are calculated using New Zealand incorporated banks results only.

(n) Employee numbers are on a full time equivalent basis (including casuals and contracting staff) as at the applicable balance date.

(o) Number of branches includes all retail outlets as at the applicable balance date.

(p) Number of owned ATMs as at the applicable balance date.

(q) Where comparatives are not for the equivalent period or the entity was not operational in either period, the increase in net profit after tax and underlying performance has not been provided.

(3)

Registered Banks

Analysis of Annual Results Credit Quality Measures

of Registered Banks(a) (continued)

Year Impaired Past Due Gross Individual Collective Total Provision Impaired

Asset Assets Impaired Provision Provision/ for Doubtful Asset

Expense Assets for Doubtful Net Debts/ Expense/

Debts/Gross Loans & Gross Average

Impaired Advances Loans & Gross Loans

Assets Advances & Advances

$Million $Million $Million % % % %

ABN AMRO Bank N.V. New Zealand Banking Group(b) ₂₀₀₈ ₀ ₀ ₀ _0.00 _0.00 _0.00 _0.00

Australia and New Zealand Banking Group Limited 2009 883 446 1,190 40.08 0.82 1.30 0.89

New Zealand Banking Group(c) ₂₀₀₈ ₃₀₂ ₃₀₉ ₃₂₇ _40.37 _0.54 _0.67 _0.32

Bank of Baroda (New Zealand) Limited(d) ₂₀₀₉ ₀ ₀ ₀ _0.00 _0.00 _0.00 _0.00

Bank of New Zealand 2009 190 210 637 34.85 0.43 0.82 0.35

2008 71 94 201 32.34 0.41 0.53 0.14

Citibank, N.A. New Zealand Branch(e) ₂₀₀₉ ₀ ₀ ₀ _0.00 _0.00 _0.00 _0.00

2008 0 0 0 0.00 0.00 0.00 0.00

Commonwealth Bank of Australia New Zealand 2009 305 374 420 29.52 0.34 0.54 0.53

Banking Group(f) ₂₀₀₈ ₄₇ ₁₄₄ ₃₀ _73.33 _0.18 _0.22 _0.09

Deutsche Bank AG, New Zealand Group(g) ₂₀₀₉ ₁₁ ₀ ₅₁ _23.53 _0.00 _5.58 _3.66

2008 1 0 0 0.00 0.26 0.26 0.28

The Hongkong and Shanghai Banking Corporation 2009 6 0 44 25.62 0.09 0.43 0.18

Limited, New Zealand Branch 2008 0 0 33 34.87 0.06 0.34 0.00

JPMorgan Chase Bank N.A. New Zealand Branch(h) ₂₀₀₉ ₀ ₀ ₀ _0.00 _0.00 _0.00 _0.00

2008 0 0 0 0.00 0.00 0.00 0.00

Kiwibank Limited 2009 14 23 19 25.48 0.09 0.14 0.20

2008 4 9 4 20.65 0.04 0.05 0.09

Kookmin Bank Auckland Branch 2009 0 0 0 0.00 0.00 0.00 0.00

2008 0 0 0 0.00 0.00 0.00 0.00

Rabobank Nederland New Zealand Banking Group(i) ₂₀₀₉ ₈₂ ₇₇ ₂₉₉ _30.44 _0.24 _1.33 _1.02

2008 22 20 136 16.22 0.09 0.37 0.31

Southland Building Society(j) ₂₀₀₉ ₁₂ ₁₃ ₂₂ _36.87 _0.20 _0.53 _0.52

2008 9 9 8 40.75 0.16 0.30 0.41

The Bank of Tokyo-Mitsubishi UFJ Limited, 2009 0 0 0 0.00 0.00 0.00 0.00

Auckland Branch 2008 0 0 0 0.00 0.00 0.00 0.00

TSB Bank Limited 2009 3 8 2 34.17 0.63 0.67 0.14

2008 2 2 1 34.25 0.54 0.55 0.10

Westpac Banking Corporation New Zealand Division 2009 690 346 676 22.49 0.82 1.08 1.23

2008 181 222 278 23.74 0.46 0.58 0.34

Bank Sector Total 2009 2,198 1,497 3,360 32.82 0.59 0.96 0.75

2008 639 809 1,019 31.73 0.39 0.51 0.24

ANZ National Bank Limited 2009 874 435 1,178 40.24 0.89 1.41 0.93

2008 302 309 328 40.24 0.54 0.67 0.32

Australia and New Zealand Banking Group Limited 2009 9 11 10 30.00 0.07 0.10 0.20

New Zealand Branch(k)

ASB Bank Limited 2009 238 374 352 23.58 0.33 0.49 0.46

2008 40 144 30 73.33 0.17 0.22 0.09

Commonwealth Bank of Australia New Zealand 2009 67 0 68 60.29 0.40 1.18 1.25

Branch 2008 7 0 0 0.00 0.24 0.24 0.13

Rabobank Nederland New Zealand Branch 2009 1 0 0 0.00 0.15 0.15 0.04

2008 -1 0 0 0.00 0.09 0.09 -0.08

Rabobank New Zealand Limited 2009 81 76 298 30.41 0.26 1.61 1.30

2008 23 20 135 16.37 0.08 0.46 0.44

Westpac Banking Corporation New Zealand Branch 2009 70 0 5 20.00 1.17 1.18 0.84

2008 11 1 0 0.00 0.29 0.29 0.13

Westpac New Zealand Limited 2009 620 346 670 22.39 0.76 1.07 1.29

2008 170 221 278 23.38 0.50 0.63 0.38

Key: n/a = not available/applicable

Footnotes

Changes in accounting policy that have not had a material impact on the financial statements have not been detailed in the following footnotes. The effect of the changes listed below has been to impact certain ratios, or led to the omission of certain ratios.

(a) If in their latest published financials an entity has changed their comparative year figures we have restated the numbers accordingly.

(b) ABN AMRO 2009 figures are not presented as the entity was acquired by Royal Bank of Scotland (RBS) during the year. ABN AMRO New Zealand relinquished its banking license on 29 May 2009 and has ceased operations in New Zealand.

The 2008 figures are presented for comparison

32 FIPS Analysis of Annual Results

purposes and are for the New Zealand Banking Group (as defined by the RBNZ), which comprised of ABN AMRO Bank N.V., New Zealand Branch and all the New Zealand incorporated subsidiaries of ABN AMRO N.V., Amsterdam.

(c) Figures are for the New Zealand Banking Group, which comprises the aggregated NZ operations of Australia and New Zealand Banking Group Limited, including those operations conducted through the New Zealand Branch and the ANZ National Bank Group.

Consolidated accounts for ANZ National Bank include the results of UDC Finance Limited, which is also shown separately within the Finance Companies section. (d) Bank of Baroda (New Zealand) Limited (Baroda) became

a registered New Zealand bank on 1 September 2009.

Baroda is a subsidiary of Bank of Baroda (India). Certain ratios and comparative numbers are not applicable and have not been presented.

(e) Figures are for the New Zealand Banking Group, which comprises Citibank, N.A. New Zealand Branch and Citicorp Services Limited and its subsidiaries. (f) Figures are for the New Zealand Banking Group,

which comprises Commonwealth Bank of Australia New Zealand Branch including various controlled entities and the ASB Banking Group Operations comprising ASB Bank Limited, ASB Holdings Limited and ASB Funding Limited.

(g) Figures are for the New Zealand Banking Group, which comprises Deutsche Bank AG New Zealand Branch, New Zealand Limited, in-substance subsidiaries

Analysis of Annual Results FIPS 33

Profitability Measures Efficiency Measures

Total Net Interest Interest Non- Net Net Profit Net Profit Underlying Underlying Operating Operating

Operating Interest Margin Spread interest Profit After Tax/ After Tax/ Profit Profit/ Expenses/ Expenses/

Income Income/ Income/ After Tax Average Average Average Average Operating

Average Average Equity Total Assets Total Assets Total Assets Income

Total Assets Total Assets

$Million % % % % $Million % % $Million % % %

38 1.42 1.58 1.82 1.02 10 19.31 0.64 14 0.86 1.58 64.67

3,189 1.89 2.10 1.79 0.73 194 2.68 0.16 827 0.68 1.22 46.38

3,067 1.81 1.96 1.43 0.93 990 14.16 0.88 1,320 1.18 1.29 47.11

-2 n/a 0.02 n/a 8.96 -2 n/a n/a -2 n/a n/a -7.60

1,652 2.02 2.26 1.88 0.45 -181 -4.71 -0.27 685 1.02 1.16 47.03 1,917 2.20 2.41 1.84 0.98 785 21.36 1.30 1,072 1.78 1.28 40.38 48 0.80 0.81 0.74 0.51 21 17.81 0.58 30 0.83 0.48 36.71 73 1.33 1.35 1.21 0.66 36 41.07 0.99 52 1.41 0.57 28.90 1,524 1.47 1.53 0.61 0.74 379 11.09 0.55 580 0.84 0.93 41.93 1,314 1.64 1.69 0.63 0.47 490 15.95 0.79 672 1.08 0.96 45.28 166 2.74 3.09 3.01 1.95 84 43.75 2.38 117 3.31 1.07 22.89 120 2.65 2.97 3.14 -0.13 58 34.63 1.22 81 1.70 0.80 31.67 136 1.78 1.87 1.70 0.71 51 214.14 0.93 73 1.35 1.03 41.39 130 1.50 1.56 1.29 0.62 40 179.05 0.65 61 0.99 1.13 53.20 6 0.52 0.56 0.57 3.55 2 54.03 1.08 2 1.22 2.85 70.12 3 2.43 2.61 1.73 2.30 1 7.92 1.68 1 1.99 2.74 57.96 313 1.86 1.88 1.68 1.70 64 18.68 0.72 88 1.00 2.40 67.44 238 1.93 1.94 1.60 2.06 37 12.80 0.62 59 0.98 2.93 73.57 13 2.42 2.43 2.38 0.63 7 104.16 1.70 11 2.47 0.58 18.94 9 1.62 1.63 1.59 0.60 5 96.51 1.13 7 1.61 0.61 27.40 306 3.69 3.81 3.61 -0.16 114 40.70 1.31 150 1.73 0.85 24.02 -11 2.73 2.82 2.44 -2.88 -121 -42.88 -1.61 -99 -1.32 0.88 -588.07 72 2.46 2.50 1.97 0.42 12 7.76 0.49 16 0.65 1.73 60.01 70 2.54 2.58 2.11 0.48 14 9.68 0.62 20 0.86 1.77 58.52 10 0.77 0.78 0.77 0.32 6 89.47 0.69 8 0.91 0.18 16.62 7 0.87 0.89 0.87 0.15 4 64.53 0.57 5 0.80 0.22 21.45 107 2.62 2.64 1.82 0.44 43 15.42 1.23 61 1.75 1.22 39.91 101 2.95 2.98 2.12 0.40 39 16.53 1.30 59 1.94 1.34 40.09 2,090 2.07 2.37 1.79 0.85 -494 -12.29 -0.69 595 0.83 1.12 38.52 1,910 1.99 2.25 1.55 0.85 682 17.07 1.01 958 1.43 1.15 40.37 9,629 1.91 2.10 1.64 0.71 299 1.50 0.08 3,241 0.88 1.14 43.52 8,987 1.92 2.07 1.43 0.78 3,070 16.12 0.91 4,405 1.30 1.20 45.26 3,327 2.01 2.24 1.78 0.83 298 3.00 0.25 976 0.83 1.26 44.39 3,325 2.04 2.21 1.50 0.92 1,163 12.57 1.04 1,579 1.41 1.29 43.43

60 1.53 n/a n/a n/a 28 n/a n/a 40 n/a n/a 18.33

1,512 1.57 1.64 1.00 0.85 425 13.37 0.68 642 1.03 1.02 41.80 1,329 1.78 1.83 1.15 0.58 515 16.30 0.92 701 1.25 1.05 44.24 85 0.38 0.40 0.20 0.43 7 1.85 0.07 11 0.10 0.07 8.24 47 0.31 0.32 -0.20 0.14 22 8.46 0.21 34 0.33 0.06 12.77 24 2.19 2.30 2.24 -1.79 14 14.52 0.23 23 0.38 0.01 2.53 31 1.50 1.57 1.46 -0.90 22 29.49 0.43 32 0.62 0.01 2.49 183 2.79 2.82 2.45 0.03 8 3.24 0.13 13 0.20 1.37 48.67 129 2.33 2.35 1.85 0.03 29 11.75 0.52 42 0.76 1.18 50.04 475 1.10 1.75 1.16 0.76 -513 -24.82 -2.01 318 1.24 0.34 18.32 329 0.73 1.05 -0.04 0.65 179 8.73 0.75 248 1.04 0.29 21.28 1,679 2.49 2.50 1.68 0.69 248 5.71 0.47 354 0.67 1.33 41.99 1,655 2.59 2.61 1.75 0.77 562 14.80 1.14 797 1.62 1.40 41.57

and other New Zealand subsidiaries of Deutsche New Zealand Limited.

(h) Figures shown are for the New Zealand Banking Group, which comprises of JPMorgan Chase Bank New Zealand and associated entities.

(i) Figures are for the New Zealand Banking Group, which comprises Rabobank Nederland New Zealand Branch, Rabobank New Zealand Limited and various subsidiaries.

Rabobank Nederland New Zealand Branch’s head office account, which comprises current period and cumulative surpluses, has been reclassified from liability to equity for consistency with other banks. This has impacted certain ratios.

(j) Southland Building Society, which became a registered

bank on 7 October 2008, has been included in sector totals for both 2009 and 2008.

(k) Australia and New Zealand Banking Group Limited New Zealand Branch became a registered New Zealand bank on 5 January 2009. Certain ratios and comparative numbers are therefore not applicable and have not been presented.

(4)

34 FIPS Retail Banks – Quarterly Analysis

Footnotes

(a) The results for ANZ Banking Group, Commonwealth Bank of Australia and Westpac Banking Corporation relates to the New Zealand banking group division of these entities.

(b) The capital adequacy ratios reported are for the overseas banking group.

n/a = not available/applicable ANZ Bank of New Zealand CBA Kiwibank Westpac

Retail Banks – Quarterly Analysis

Quarterly Analysis Size & Strength Measures

31-Mar-08 30-Jun-08 30-Sep-08 31-Dec-08 31-Mar-09 30-Jun-09

Total Assets

ANZ Banking Group(a) _109,215 _111,582 _119,598 _128,799 _129,651 _122,905

Bank of New Zealand 58,892 60,169 64,130 76,004 73,214 70,080

Commonwealth Bank of Australia(a) _63,812 _66,048 _69,522 _72,263 _72,524 _71,662

Kiwibank Limited 6,582 7,183 8,146 9,370 9,700 10,328

Southland Building Society 2,424 n/a 2,488 2,562 2,538 2,562

TSB Bank Limited 3,168 3,281 3,403 3,650 3,831 3,924

Westpac Banking Corporation(a) _63,872 _65,698 _70,255 _77,109 _77,230 _73,642

Total/Average 307,965 313,961 337,542 369,757 368,688 355,103

Total Risk Weighted Assets

ANZ Banking Group(a) _77,129 _77,031 _75,449 _77,260 _83,826 _82,421

Bank of New Zealand 48,192 49,015 45,555 45,749 46,075 48,537

Commonwealth Bank of Australia(a) _41,095 _42,829 _43,893 _44,892 _45,177 _42,829

Kiwibank Limited 3,518 3,378 3,815 4,341 4,639 4,966

Southland Building Society 1,593 n/a 1,637 1,667 1,654 1,664

TSB Bank Limited 1,429 1,472 1,494 1,562 1,689 1,766

Westpac Banking Corporation(a) _45,690 _47,273 _49,163 _51,065 _50,798 _49,163

Total/Average 218,646 220,998 221,006 226,536 233,858 231,346

Capital Adequacy

ANZ Banking Group(a), (b) _9.84 _11.39 _11.72 _11.68 _11.00 _12.93

Bank of New Zealand 10.80 10.58 10.78 10.68 10.80 10.00

Commonwealth Bank of Australia(a), (b) _12.10 _11.60 _11.60 _11.40 _11.40 _10.40

Kiwibank Limited 10.10 10.40 10.40 10.00 10.00 10.10

Southland Building Society 9.59 n/a 9.63 9.57 12.46 13.43

TSB Bank Limited 17.66 17.95 18.36 18.15 16.86 17.05

Westpac Banking Corporation(a), (b) _10.10 _10.10 _10.80 _11.20 _11.40 _11.00

Average

Net Profit

ANZ Banking Group(a) ₃₈₂ ₂₆₈ ₂₀₃ ₂₁₀ ₂₁₂ ₅₆

Bank of New Zealand 245 181 188 260 140 -583

Commonwealth Bank of Australia(a) ₁₄₈ ₆₅ ₈₆ ₁₀₉ ₆₆ ₈₄

Kiwibank Limited 7 7 10 16 14 24

Southland Building Society 3 n/a 5 2 4 3

TSB Bank Limited 8 12 13 9 9 15

Westpac Banking Corporation(a) ₂₀₆ ₁₈₃ ₁₄₄ ₂₂₀ ₁₉ ₆₆

Total/Average 1,000 716 648 826 465 -335

Retail Banks – Quarterly Analysis FIPS 35

ANZ Bank of New Zealand CBA Kiwibank Westpac ANZ Bank of New Zealand CBA Kiwibank Westpac

Profitability

30-Sep-09 31-Dec-09 31-Mar-08 30-Jun-08 30-Sep-08 31-Dec-08 31-Mar-09 30-Jun-09 30-Sep-09 31-Dec-09

Interest Margins 122,992 121,210 2.24 2.20 2.16 2.18 2.10 2.11 1.95 2.05 69,760 67,629 2.51 2.31 2.27 2.54 2.04 2.14 2.05 2.02 71,062 70,161 1.67 1.71 1.53 1.51 1.40 1.61 1.57 1.52 10,743 11,974 2.01 1.73 1.82 2.07 1.63 1.85 1.30 1.13 2,609 2,658 2.58 n/a n/a 2.68 2.26 2.38 2.19 2.30 4,055 4,299 2.97 2.97 2.87 2.62 2.21 3.02 2.73 2.70 72,821 71,789 2.26 2.26 2.32 2.57 2.25 2.31 2.13 2.30 354,042 349,720 2.18 2.12 2.11 2.19 1.96 2.06 1.91 1.96

Non-interest Income/Total Assets

81,181 72,906 1.20 0.63 0.94 1.06 0.84 0.32 0.62 1.16 43,838 42,838 0.98 0.99 1.13 1.20 0.68 0.12 -0.33 0.71 44,626 43,234 0.42 0.46 0.40 0.82 1.03 0.60 0.67 0.98 5,421 5,607 1.43 1.79 1.60 2.02 1.14 1.88 1.90 1.34 1,687 1,699 0.64 n/a 1.09 0.12 1.86 0.78 0.62 0.76 1,900 1,984 0.22 0.26 0.57 0.13 0.74 0.31 0.50 0.29 48,877 47,710 0.79 0.88 1.00 1.05 0.91 0.76 0.54 0.90 227,530 215,978 0.90 0.73 0.89 1.05 0.87 0.48 0.46 0.98

Impaired Asset Expense/Average Gross Loans

13.70 13.40 0.26 0.31 0.55 0.38 0.78 0.98 1.42 0.62 10.88 11.79 0.15 0.16 0.16 0.26 0.47 0.31 0.35 0.31 10.50 11.63 0.10 0.22 0.13 0.45 0.79 0.70 0.60 0.24 9.80 9.60 -0.02 0.21 0.05 0.33 0.21 0.20 0.23 0.21 13.40 13.52 0.82 n/a 1.49 0.63 0.61 0.49 0.65 0.64 16.46 16.38 0.23 0.05 0.19 0.02 0.31 0.07 0.18 0.34 10.80 11.10 0.29 0.25 0.60 0.69 1.70 1.61 0.89 0.84 0.21 0.24 0.39 0.43 0.89 0.88 0.88 0.51

Operating Expenses/Operating Income

-284 253 35.47 49.40 48.06 40.82 41.99 52.21 53.25 40.50 2 271 43.97 39.23 39.60 32.21 40.45 56.37 79.84 48.04 -122 164 44.55 44.48 53.14 42.96 34.75 39.48 43.56 35.73 14 10 78.36 75.36 76.03 65.87 77.25 55.91 69.05 74.29 2 3 48.77 n/a 64.99 63.96 61.69 55.00 61.11 55.00 14 13 47.06 33.66 33.81 44.76 50.44 31.25 34.38 41.94 -802 340 40.67 37.82 46.48 31.55 35.86 38.18 52.53 37.52 -1,176 1,054 40.94 44.30 47.43 38.15 40.31 46.95 55.14 41.46

Example page

(5)

Balances with Relat ed Par ties Intangibles

Balance Sheets

Analysis of Balance Sheets of Assets

Registered Banks

All amounts expressed in $Millions 2009

Australia and New Zealand Banking Group Limited –

New Zealand Banking Group 30-Sep 7,276 6,141 11,015 97,421 57 278 3,324 803 126,315

Bank of Baroda (New Zealand) Limited 31-Mar 39 0 0 0 0 0 0 0 39

Bank of New Zealand 30-Sep 2,959 4,000 5,918 55,274 93 142 102 1,374 69,862

Citibank, N.A. New Zealand Branch 31-Dec 350 1,130 0 294 1,725 0 0 2 3,501

Commonwealth Bank of Australia New Zealand

Banking Group 30-Jun 2,896 6,773 2,517 59,033 103 154 394 186 72,056

Deutsche Bank AG, New Zealand Group 31-Dec 29 346 0 203 2,494 4 0 23 3,099

The Hongkong and Shanghai Banking Corporation

Limited, New Zealand Branch 31-Dec 548 539 117 3,307 218 2 20 19 4,770

JPMorgan Chase Bank, N.A. New Zealand Branch 31-Dec 146 0 0 0 22 0 1 2 171

Kiwibank Limited 30-Jun 294 1,424 49 8,492 0 20 43 49 10,371

Kookmin Bank Auckland Branch 31-Dec 29 0 0 152 250 0 0 0 432

Rabobank Nederland New Zealand Banking Group 31-Dec 7 0 49 8,243 541 7 0 58 8,904

Southland Building Society 31-Mar 100 2 1 2,404 0 16 3 15 2,541

The Bank of Tokyo-Mitsubishi UFJ Limited,

Auckland Branch 31-Mar 1 0 5 1,124 7 0 0 1 1,138

TSB Bank Limited 31-Mar 62 1,591 27 2,131 0 19 1 1 3,832

Westpac Banking Corporation New Zealand Division 30-Sep 1,641 5,490 6,328 55,724 2,759 94 623 785 73,444

Bank Sector Total 16,378 27,437 26,026 293,801 8,269 736 4,511 3,318 380,476

2008

ABN AMRO Bank N.V. New Zealand Banking Group 31-Dec 106 161 0 1,170 31 2 3 19 1,492

Australia and New Zealand Banking Group Limited –

New Zealand Banking Group 30-Sep 8,543 3,096 7,603 98,214 1,393 242 3,314 673 123,078

Bank of Baroda (New Zealand) Limited 31-Mar 0 0 0 0 0 0 0 0 0

Bank of New Zealand 30-Sep 3,227 2,858 5,128 52,183 55 96 79 583 64,209

Citibank, N.A. New Zealand Branch 31-Dec 844 673 0 387 1,927 0 0 1 3,832

Commonwealth Bank of Australia New Zealand

Banking Group 30-Jun 2,846 5,402 1,249 56,015 173 159 331 148 66,323

Deutsche Bank AG, New Zealand Group 31-Dec 38 627 0 385 2,888 5 0 30 3,973

The Hongkong and Shanghai Banking Corporation

Limited, New Zealand Branch 31-Dec 631 812 193 4,063 436 3 21 33 6,190

JPMorgan Chase Bank, N.A. New Zealand Branch 31-Dec 106 0 0 0 6 0 0 2 113

Kiwibank Limited 30-Jun 408 1,118 32 5,581 0 19 47 26 7,230

Kookmin Bank Auckland Branch 31-Dec 1 0 0 173 251 1 0 0 427

Rabobank Nederland New Zealand Banking Group 31-Dec 14 2 62 7,732 560 4 0 36 8,411

Southland Building Society 31-Mar 52 3 7 2,334 1 17 3 10 2,426

The Bank of Tokyo-Mitsubishi UFJ Limited,

Auckland Branch 31-Mar 18 0 3 616 5 0 0 1 643

TSB Bank Limited 31-Mar 94 999 2 2,050 0 16 1 7 3,169

Westpac Banking Corporation New Zealand Division 30-Sep 2,508 3,610 5,137 55,780 2,170 78 627 972 70,882

Bank Sector Total 19,436 19,362 19,417 286,682 9,896 641 4,425 2,540 362,400

Tr ading, In vestment Secur ities, In vestments in Subsidiar ies and In vestment Pr oper ties Balance D at e

36 FIPS Balance Sheets

Der iv ativ e Financial Instr uments Cash on Hand, Mone y

at Call and Balances

with Other Banks

Footnote

(a) Total assets is based on audited financial statements and includes intangible assets.

Loans and A dv ances (Less Pr o visions) Other Assets Total Assets (a) Fix ed Assets

Balance Sheets FIPS 37

Cust

omer Deposits

Balances with Other _Banks/Mone

y Mar

ket

Deposits

Debt Secur

ities

Balances with Relat

ed Par ties Subor dinat ed Debt

Other Liabilities Total Liabilities Shar

e Capital – Or dinary Shar es Con ver tible Debent ur es/P er pet ual Pr ef er ence Shar es Other Equity/Cash Flo w Hedg e Reserv es Retained Ear nings Total Equity Der iv ativ e Financial Instr uments Head Office A ccount Liabilities Equity 58,309 3,228 0 0 0 29,671 3,892 1,112 27 29,376 20,579 476 0 655 2,851 62 140 20 8,266 317 103 270 3,383 1,278 2,084 191 57 0 0 3,474 0 33,243 485 172,545 143 60 57,188 2,310 0 0 0 28,794 1,188 1,176 27 27,284 20,113 357 0 1,224 3,203 84 104 0 0 5,748 486 117 0 0 3,989 1,984 1,824 418 70 0 0 2,874 0 32,659 297 165,530

Example page

23,074 10,974 21,569 0 1,830 118,984 6,424 0 0 64 843 7,331 0 16 0 0 16 25 0 0 0 -2 23 16,304 7,643 7,149 375 1,083 66,117 1,451 0 710 -3 1,587 3,745 0 0 2,221 0 10 3,370 29 32 0 0 69 130 0 3,725 14,186 608 157 68,631 704 462 1,271 131 857 3,425 26 1,471 236 33 2,897 20 0 0 0 182 202 779 130 879 0 44 4,744 0 25 0 2 0 27 0 0 7 0 4 171 0 0 0 0 1 1 913 304 38 144 36 10,016 295 0 0 -68 128 355 0 0 49 0 1 423 0 8 0 0 0 8 0 42 3,829 0 36 8,568 42 101 0 0 193 336 0 35 3 42 32 2,386 0 0 0 -6 161 156 5 1,068 0 0 1,130 0 3 0 0 5 8 0 2 0 0 53 3,529 10 0 0 16 277 303 15,837 6,970 8,673 790 3,541 69,539 142 1,392 1,284 -140 1,227 3,905 30,349 57,561 29,856 61,155 2,195 6,860 360,521 9,142 2,023 3,265 -4 5,529 19,955 455 0 737 0 25 1,421 62 0 0 0 9 71 28,816 6,472 19,101 0 2,064 115,951 5,413 0 0 47 1,667 7,127 0 0 0 0 0 0 0 0 0 0 0 19,451 4,656 5,228 359 600 60,276 1,451 0 450 7 2,025 3,933 0 0 2,510 0 10 3,723 29 32 0 0 48 109 0 1,000 13,425 579 512 62,913 704 262 1,271 604 569 3,410 203 1,674 300 33 3,791 20 0 0 0 162 182 1,581 186 1,057 0 59 6,170 0 20 0 1 0 21 0 3 0 1 108 0 0 0 1 4 5 482 62 4 76 46 6,904 275 0 0 -14 65 326 0 304 0 1 421 0 6 0 0 0 6 0 48 2,144 0 24 8,189 42 87 0 0 93 222 0 1 2 0 25 2,271 0 0 0 5 150 155 3 564 0 0 638 0 3 0 0 3 6 0 0 0 0 41 2,916 10 0 0 0 243 253 15,265 4,602 11,307 798 1,822 66,750 133 174 2,584 -64 1,305 4,132 26,968 67,274 17,233 58,060 2,112 5,264 342,442 8,139 584 4,305 587 6,343 19,958

(6)

42 FIPS

Performance Rankings

Finance Companies

Motor Vehicles and Vendor Total Assets Increase in Total Assets Gearing Net Profit After Tax

Finance (MV/VF) $’000 % % $’000

1 Custom Fleet NZ 1,156,413 Custom Fleet NZ 81.42 Canon Finance New Zealand 55.71 Motor Trade Finances 8,764

Limited Limited

2 Toyota Finance New Zealand 991,628 Toyota Finance New Zealand 35.50 ORIX New Zealand Limited 16.96 Toyota Finance New Zealand

Limited Limited Limited 8,458

3 Motor Trade Finances 536,368 Mercedes-Benz Financial 10.78 Fuji Xerox Finance Limited 14.28 ORIX New Zealand Limited 3,589

Limited Services New Zealand Limited

MV/VF Segment Total 4,305,736 Segment Average 8.86 Segment Average 11.35 Segment Total -24,542

Property Development and Total Assets Increase in Total Assets Gearing(b) _{Net Profit After Tax}

Commercial Finance (PD/CF)(a) _$’000 _% _% _$’000

1 Strategic Finance Limited 340,867 Equitable Mortgages Limited -8.58 CIT Group (New Zealand) 46.21 CIT Group (New Zealand) 4,025

Limited Limited

2 Hanover Finance Limited 286,169 CIT Group (New Zealand) -14.73 Equitable Mortgages Limited 11.80 Equitable Mortgages Limited 2,347

Limited

3 Equitable Mortgages Limited 162,002 Strategic Finance Limited -35.92 North South Finance -19,964

Limited

PD/CF Segment Total 1,031,773 Segment Average -40.90 Segment Average 20.16 Segment Total -332,151

Diversified Finance (DF)(c) _{Total Assets} _{Increase in Total Assets} _Gearing _{Net Profit After Tax}

$’000 % % $’000

1 South Canterbury Finance 2,335,774 Allied Nationwide Finance 89.34 Farmers Mutual Finance 14.78 MARAC Finance Limited 19,054

2 GE Finance and Insurance 1,897,445 South Canterbury Finance 18.53 Dorchester Finance Limited 14.13 PGG Wrightson Finance 7,778

Limited Limited

3 UDC Finance Limited 1,877,578 PGG Wrightson Finance 13.40 UDC Finance Limited 12.35 UDC Finance Limited 2,688

Limited

DF Segment Total 9,200,419 Segment Average -3.60 Segment Average 11.52 Segment Total -305,398

Consumer Finance (CF) Total Assets Increase in Total Assets Gearing Net Profit After Tax

$’000 % % $’000

1 Fisher & Paykel Finance 642,118 NZF Money Limited 3.34 Instant Finance NZ Limited 22.41 Fisher & Paykel Finance 9,370

Group Group

2 NZF Money Limited 264,796 Fisher & Paykel Finance -17.56 Geneva Finance Limited 17.38 Instant Finance NZ Limited 1,092 Group

3 Geneva Finance Limited 111,513 Instant Finance NZ Limited -18.49 NZF Money Limited 4.38 NZF Money Limited -2,195

CF Segment Total 1,082,754 Segment Average -15.02 Segment Average 10.30 Segment Total 1,269

Finance Companies Sector Total 15,620,682 Sector Average -5.44 Sector Average 11.59 Sector Total -660,822

Savings Institutions

Savings Institutions Total Assets Increase in Total Assets Gearing Net Profit After Tax

$’000 % % $’000

1 PSIS Limited 1,326,953 Credit Union Baywide 26.01 Credit Union Baywide 17.87 PSIS Limited 7,889

2 CBS Canterbury 539,998 Nelson Building Society 10.90 First Credit Union 17.46 Police and Families Credit 1,150

Union

3 Southern Cross Building 412,012 First Credit Union 7.62 Credit Union South 15.91 Credit Union South 795

Society

Savings Institutions Sector Total 3,358,500 Sector Average 2.78 Sector Average 9.84 Sector Total -3,825

Footnotes

(a) On 12 March 2010, Strategic Finance was placed in receivership. Given that the 2009 financial statements were available, the company has been presented in the sector.

(b) Due to a number of PD/CF entities having negative Net Profit after Tax and negative Equity, the segment average could not be calculated to reflect its true position.

(c) South Canterbury Finance has recently announced that it has restated its 2009 reported financial statements. We have presented the charging group results for 2009 and 2008 on the basis that the amended annual report is not available.

Performance Rankings

FIPS 43

Underlying Profit/ Net Profit After Tax/ Net Interest Income/ Impaired Asset Expense/ Operating Expense/

Average Total Assets % Equity % Average Total Assets % Average Loans & Advances % Operating Income %

Canon Finance New Zealand 6.81 John Deere Credit Limited 76.20 Canon Finance New Zealand 9.70 John Deere Credit Limited 0.00 Canon Finance New Zealand 26.09

Limited New Zealand Branch Limited New Zealand Branch Limited

John Deere Credit Limited 2.01 Motor Trade Finances 15.51 ORIX New Zealand Limited 6.74 ORIX New Zealand Limited 0.29 John Deere Credit Limited 37.89

New Zealand Branch Limited New Zealand Branch

Toyota Finance New Zealand 1.45 Canon Finance New Zealand 10.10 Motor Trade Finances 6.11 Motor Trade Finances 0.35 Toyota Finance New Zealand 52.84

Limited Limited Limited Limited Limited

Segment Average -0.84 Segment Average -6.49 Segment Average 2.70 Segment Average 0.79 Segment Average 110.22

CIT Group (New Zealand) 8.24 North South Finance 100.34 Strategic Finance Limited 14.64 Equitable Mortgages Limited 0.06 Strategic Finance Limited 16.84

Limited Limited

Equitable Mortgages Limited 1.98 CIT Group (New Zealand) 18.26 Hanover Finance Limited 9.48 CIT Group (New Zealand) 0.33 CIT Group (New Zealand) 25.01

North South Finance -42.23 Equitable Mortgages Limited 11.79 CIT Group (New Zealand) 6.56 North South Finance 34.43 Equitable Mortgages Limited 25.83

Segment Average -40.93 Segment Average (b)_{Segment Average} _{8.89 Segment Average} _{45.56 Segment Average} _47.77

Oxford Finance Limited 2.46 Oxford Finance Limited 17.18 Dorchester Finance Limited 6.76 Medical Securities Limited 0.11 PGG Wrightson Finance 32.89

Limited

PGG Wrightson Finance 2.05 MARAC Finance Limited 13.01 S.H. Lock (NZ) Limited 5.86 PGG Wrightson Finance 0.54 MARAC Finance Limited 38.17

Limited Limited

MARAC Finance Limited 1.97 PGG Wrightson Finance 12.89 Oxford Finance Limited 5.11 MARAC Finance Limited 1.02 Oxford Finance Limited 43.14 Limited

Segment Average -2.65 Segment Average -28.78 Segment Average 3.72 Segment Average 4.47 Segment Average 75.31

Fisher & Paykel Finance 2.98 Fisher & Paykel Finance 12.36 Instant Finance NZ Limited 14.42 NZF Money Limited 1.70 Fisher & Paykel Finance 47.30

Group Group Group

Instant Finance NZ Limited 2.43 Instant Finance NZ Limited 6.07 Geneva Finance Limited 10.98 Fisher & Paykel Finance 3.31 Instant Finance NZ Limited 78.77

Group

NZF Money Limited -1.20 NZF Money Limited -14.82 Fisher & Paykel Finance 7.59 Instant Finance NZ Limited 3.99 Geneva Finance Limited 79.82

Group

Segment Average 1.12 Segment Average 1.01 Segment Average 7.37 Segment Average 3.72 Segment Average 60.52

Sector Average -5.22 Sector Average -41.97 Sector Average 4.17 Sector Average 7.81 Sector Average 75.49

Average Total Assets % Average Net Assets % Average Total Assets % Average Loans & Advances % Operating Income % Police and Families Credit 1.72 Police and Families Credit 11.99 Credit Union South 7.82 Police and Families Credit 0.22 CBS Canterbury 40.17

Union Union Union

PSIS Limited 0.83 PSIS Limited 7.91 Credit Union Baywide 6.90 Wairarapa Building Society 0.27 Police and Families Credit 62.84

Union

Credit Union South 0.75 Credit Union South 4.77 Credit Union North 5.49 PSIS Limited 0.41 Nelson Building Society 69.67

Sector Average 0.09 Sector Average -1.16 Sector Average 3.02 Sector Average 1.12 Sector Average 76.20